XY Capital Ltd Purchases Shares of 354,077 Nio Inc - (NYSE:NIO)

XY Capital Ltd bought a new position in shares of Nio Inc - (NYSE:NIO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 354,077 shares of the company's stock, valued at approximately $1,544,000. NIO accounts for approximately 0.7% of XY Capital Ltd's portfolio, making the stock its 12th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its stake in NIO by 5,388.5% in the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company's stock valued at $36,038,000 after purchasing an additional 5,296,601 shares during the period. Quadrature Capital Ltd boosted its stake in NIO by 32.3% in the 3rd quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company's stock valued at $14,756,000 after purchasing an additional 538,907 shares during the period. SG Americas Securities LLC boosted its stake in NIO by 104.8% in the 4th quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company's stock valued at $5,018,000 after purchasing an additional 589,082 shares during the period. Swedbank AB boosted its stake in NIO by 0.8% in the 4th quarter. Swedbank AB now owns 1,068,110 shares of the company's stock valued at $4,657,000 after purchasing an additional 9,000 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in NIO in the 3rd quarter valued at $4,879,000. 48.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NIO has been the subject of several recent research reports. HSBC downgraded NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Hsbc Global Res cut NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. Macquarie cut NIO from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $6.60 to $4.80 in a report on Wednesday, November 20th. JPMorgan Chase & Co. cut NIO from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group cut NIO from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $4.80 to $3.90 in a report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $5.38.

NIO Price Performance

NIO stock traded up $0.05 during midday trading on Thursday, reaching $4.26. 51,595,242 shares of the stock were exchanged, compared to its average volume of 43,872,121. The stock has a market capitalization of $8.88 billion, a PE ratio of -2.82 and a beta of 1.68. Nio Inc - has a 52 week low of $3.61 and a 52 week high of $7.71. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The company has a fifty day moving average price of $4.40 and a 200 day moving average price of $4.75.

About NIO

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.